Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

Accounts - Principles of Accounts 2016 WAEC Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
41

The transfer of money from one sub-head to another in the public sector is

  • A. Budgeting
  • B. Allocation
  • C. Virement
  • D. Vote
View Answer & Discuss WAEC 2016
42

The total of the discounts received column in the three column cash book is?

  • A. Debited to discounts received account
  • B. Credited to discounts received account
  • C. Debited to discounts allowed account
  • D. Credited to discount allowed account
View Answer & Discuss WAEC 2016
43

Which of the following expenses is apportioned between departments based on sales?

  • A. Discount received
  • B. Electricity
  • C. Carriage inwards
  • D. Carriage outwards
View Answer & Discuss WAEC 2016
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
44

In the purchase of a business, a buyer has paid more than the value of the net assets of the business. The excess payment is referred to as

  • A. Bonus
  • B. Goodwill
  • C. Net profit
  • D. Premium
View Answer & Discuss WAEC 2016
45

Assets which are readily convertible into cash are termed as

  • A. Liquid assets
  • B. Fixed assets
  • C. Intangible assets
  • D. Tangible assets
View Answer & Discuss WAEC 2016
Start a Free Practice Test
 
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now